How to Buy Compound Coin (COMP)

A Step-by-Step-Guide on how to buy Compound Coin (COMP)

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your first 10$.

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Compound Coin (COMP) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate (COMP) Compound Coin

As soon as your deposit has been confirmed, you will instantly have access to your funds and you can launch purchasing and trading. To buy (COMP) Compound Coin on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To discover Compound Coin (COMP), you'll need to insert the shortname of the coin (COMP) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have marked this also. Click on “COMP/BTC” to go ahead.

Binance How To Buy 1 Compound Coin (COMP)
Step 4 – Purchasing Compound Coin (COMP)

After you've spotted Compound Coin (COMP), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the recent price Compound Coin (COMP) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of COMP you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole volumen of COMP.

If you're satisfied, click on “Buy COMP”. Your plan will be filled when a Vendor sells their COMP for the price you offered.

Step 5 – Withdraw (COMP) Compound Coin

Unless you're frequently trading, never keep your coins on an Crypto Trader for an longer time frame. In order to take off your (COMP) Compound Coin, go to the tab called “Funds” and click on “Withdraw”. (COMP) Compound Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Compound Coin (COMP) by using the given drop-down box. Drop in the volumen of (COMP) Compound Coin you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congratulations! You've successfully bought and safed Compound Coin (COMP).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (COMP) Compound Coin is stored in your wallet, you're done.